A new Development of Fifty Luxury Apartments
In a Spectacular Four Storey Program
to be sold on 999 year leases from 2022
at a combined (rising) ground rent of circa £13,100 per annum
being 0.1% of the Sale Value of each Demise
with the ground rents reviewed every ten years to RPI upward only with Time not of the Essence.
The Landlord will Insure and Manage recovering all costs AS ADDITIONAL RENT.
The Landlord will own everything above the ceilings, below the floors and the building envelope,
and will be able to Develop as they see fit.
The Lessees will not be able to alter their premises without the written consent of the Landlord.
The Purchaser will be required to exchange contracts in a timely manner to negate the need for Section V Notices completing after the granting of the last Lease.
an anticipated Practical Completion in July 2022.
Original Developer Selling
GUIDE PRICE £350,000